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ZIP Code 54514 Income and Tax Statistics
Butternut, WI. Individual income tax returns for tax year 2022, from IRS Statistics of Income
- Tax returns
- 810
- 1,450 people on returns
- Average adjusted gross income
- $68,128
- Wisconsin $83,505
- Average salaries and wages
- $47,548
- Returns with wages
- Average income tax
- $8,077
- Wisconsin $13,409
Returns by adjusted gross income
Returns with negative income are not included
- $1 to $24,99923028.4%
- $25,000 to $49,99923028.4%
- $50,000 to $74,99913016.0%
- $75,000 to $99,999809.9%
- $100,000 to $199,99911013.6%
- $200,000 or more303.7%
Income, credits and taxes in 54514
Returns that reported each item, the total amount and the average for those returns
Swipe the table sideways to see more columns.
| Item | Returns | Share of returns | Total | Average |
|---|---|---|---|---|
| Salaries and wages | 600 | 74.1% | $28.53M | $47,548 |
| Business or professional income | 140 | 17.3% | $2.63M | $18,814 |
| Net capital gains | 170 | 21.0% | $2.31M | $13,612 |
| Taxable pensions and annuities | 260 | 32.1% | $5.59M | $21,488 |
| Taxable Social Security benefits | 230 | 28.4% | $3.53M | $15,361 |
| Itemized deductions | 0 | 0.0% | $0 | Not shown |
| Earned income tax credit | 90 | 11.1% | $170K | $1,889 |
| Refundable child tax credit | 60 | 7.4% | $103K | $1,717 |
| Income tax after credits | 570 | 70.4% | $4.6M | $8,077 |
| Refunds | 540 | 66.7% | $1.22M | $2,265 |
Frequently asked questions
- What is the average income in ZIP code 54514?
- For tax year 2022, the average adjusted gross income on the 810 individual tax returns filed in 54514 was $68,128, compared with $83,505 for Wisconsin.
- How many people in 54514 get the earned income tax credit?
- 90 returns in 54514 (11.1%) claimed the earned income tax credit for tax year 2022.
- Why might these numbers differ from Census income figures?
- IRS figures count tax returns, not households, and use adjusted gross income from the return. People who do not file a return are not included.
Source: Internal Revenue Service, Statistics of Income · Tax year 2022